Which of the below statements BEST captures the gist of chapter 8, "Power of Organized Interests," in the book, Naked Economics, and the views expressed by Charles Wheelan in this chapter? A) Subsidies to mohair farmers hurt our economy. B) The ethanol subsidies that encouraged farmers to use more of their land for corn production was a sound and well-considered economic policy. C) President Obama's stimulus bill during the financial crisis was damaging to the U.S. economy. D) Government policy and resource allocation can be influenced by politically active and well-organized special interest groups, even if the policy and the resources expended for their cause benefit only the small special interest group.

Which of the below statements BEST captures the gist of chapter 8, "Power of Organized Interests," in the book, Naked Economics, and the views expressed by Charles Wheelan in this chapter? A) Subsidies to mohair farmers hurt our economy. B) The ethanol subsidies that encouraged farmers to use more of their land for corn production was a sound and well-considered economic policy. C) President Obama's stimulus bill during the financial crisis was damaging to the U.S. economy. D) Government policy and resource allocation can be influenced by politically active and well-organized special interest groups, even if the policy and the resources expended for their cause benefit only the small special interest group.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter4: Markets In Action

Section: Chapter Questions

Problem 19SQ

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